China has offered Sri Lanka new loans for infrastructure projects, worth US$ 2.2 billion dollars. In a reply to a question, the Chinese Foreign Ministry spokesperson, Mr. Hong Lei told the news media that in addition to infrastructure loans, both countries agreed to further deepen defence cooperation and maintain exchanges between two defence ministries, whilst they continue to carry out in cooperating defence technology, personal training and other fields. Yet, the spokesperson did not reveal further details regarding the nature of the new strategic cooperation.
Sri Lankan External Affairs Minister Professor G. L. Peiris, mentioned in an interview with Global Times that, Sri Lanka will embrace China’s rise and characterised bilateral ties as “very warm and mutually supportive”. He also mentioned that China has “stood the test of time”, referring to the military support the country extended during the last phase of the war against the LTTE, as well as the support given to Sri Lanka against a US-backed resolution at the UN Human Rights Council in Geneva. Continue reading